Trusts

What is a Trust?

A trust is a method of estate transfer that can occur prior to death and avoid many of the downsides of a will including probate, tax considerations, and administration. A trust document is executed by the settler transfer the “res” or property immediately into the trust to be manage by the trustee under the terms of the trust.

A trust may be a permanent transfer of property and control, as in an “irrevocable trust”. Or a trust can be a conditional transfer of property and control, as in an “irrevocable trust”. Trust constructions and issues are complicated but can save you a considerable amount to your estate in taxes.

There are a number of different types of trusts you can create:

Revocable Trusts
Irrevocable Trust
Asset Protection Trust
Charitable Trust
Constructive Trust
Special Needs Trust
Spendthrift Trust
Tax By-Pass Trust

Call a trust attorney at Merna Law today to start planning to protect your property.

REQUIRED BAR NOTICE: THESE TESTIMONIALS DO NOT GUARANTEE SIMILAR RESULTS.

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